WE PROVIDE ESTATE PLANNING
Importance of an Estate Plan
Estate Planning is key to prevent your assets from being held in Probate Court for an extended period of time. Proper Estate Planning can prevent any of your assets from going into Probate and can get the money and property your family needs to them quickly.
Not only can proper estate plan keep your assets out of Probate Court, but it can also protect your assets from being depleted by family members to ensure your money and property is used for the purpose you intended it to be used for.
It’s for Everyone
Even if you do not own significant assets that need to be distributed upon your death, everyone needs to have a Durable Power of Attorney and a Living Will to ensure the people you trust are making healthcare and financial decisions for you in the event you are unable to do so yourself.
All Estate Plans prepared by The Law Offices of Paul Younger come with a Will, a Durable Power of Attorney, and a Living Will.
- The Will – The Will is the document that governs what will happen to certain assets when you pass. The Will does not cover “non-Probate Assets”; meaning, generally, bank accounts, life insurance, and any funds in an account of some kind. There are strict legal requirements for a Will to be valid and its important these requirements are followed.
- The Durable Power of Attorney – This document gives the people you name the power to make healthcare and financial decisions for you in the event you are unable to do so yourself. Important for emergency situations and long term care. It can save your family thousands in legal fees if you are in a long term care situation.
- The Living Will – This document covers your end of life decisions. It is important to let your family know what you want to happen in a terminal situation where you are unable to communicate those desires to your family. And it must be written to be enforceable.
The Revocable Trust
The Revocable Trust is the primary instrument we use to avoid Probate. Putting your assets into a Trust allows the assets to be distributed to your family without Court supervision. Its more expensive on the front end, but saves thousands for your family after you pass.
Customized to Your Needs
Each person has very different Estate Planning needs. We tailor a plan to fit those needs, whether you’re a new parent wanting to secure your children’s financial future if something happened to you or a retired person wanting to ensure his property is distributed according to his wishes and that the proper people are designated to act on his behalf if he is unable to do so.
Whether it’s business or personal legal needs, we can handle it.